Neogen Chemicals Promoter Transfers 57.78 Lakh Shares to Family Trusts
Neogen Chemicals Limited announced a significant promoter shareholding restructuring involving the transfer of 57,78,500 equity shares (21.90% of paid-up capital) by Chairman Emeritus Haridas Thakarshi Kanani to two family trusts through off-market gift transactions. The transfer, executed on December 31, 2025, was conducted under SEBI exemption order WTM/KCV/CFD/17/2025-26 dated December 30, 2025, with proper regulatory compliance and documentation.
*this image is generated using AI for illustrative purposes only.
Neogen Chemicals Limited has disclosed a major promoter share transfer involving 57,78,500 equity shares under SEBI's Prohibition of Insider Trading Regulations. The transaction represents a significant restructuring of promoter holdings within the specialty chemicals company.
Transaction Overview
Haridas Thakarshi Kanani, Chairman Emeritus and promoter of the company, executed an off-market gift transfer of 57,78,500 equity shares on December 31, 2025. The shares, representing 21.90% of the company's paid-up capital, were transferred to two family trusts through inter-se transfer arrangements.
| Parameter: | Details |
|---|---|
| Transaction Date: | December 31, 2025 |
| Total Shares Transferred: | 57,78,500 |
| Percentage of Capital: | 21.90% |
| Transaction Type: | Off-market gift transfer |
| Recipients: | Haridas Kanani Family Trust & H T Kanani Family Trust |
Shareholding Changes
The transfer resulted in substantial changes to the promoter's direct shareholding pattern. Kanani's individual holding decreased significantly, while the family trusts emerged as new promoter entities.
| Entity: | Pre-Transaction | Post-Transaction | Change |
|---|---|---|---|
| Haridas Thakarshi Kanani: | 61,53,887 shares (23.33%) | 3,75,387 shares (1.42%) | -57,78,500 shares |
| Haridas Kanani Family Trust: | Nil | 52,76,500 shares (20.00%) | +52,76,500 shares |
| H T Kanani Family Trust: | Nil | 5,02,000 shares (1.90%) | +5,02,000 shares |
Regulatory Compliance
The transaction was conducted in accordance with SEBI regulations and the company's insider trading policy. Both family trusts obtained the necessary SEBI exemption order bearing reference number WTM/KCV/CFD/17/2025-26 dated December 30, 2025, which classified them as promoter and promoter group shareholders respectively.
Key compliance aspects included:
- Pre-trading approval applications submitted by all parties
- Proper undertakings regarding unpublished price sensitive information
- Timely disclosure within prescribed time limits
- Form C filings under Regulation 7(2) of SEBI PIT Regulations
Market Context
The shares were valued at the prevailing market price of ₹1,163.20 per share (NSE closing price as on December 30, 2025). However, being a gift transaction, no monetary consideration was involved in the transfer.
The company secretary Unnati Kanani, with membership number A35131, signed the regulatory disclosure on January 2, 2026, confirming receipt of all necessary documentation from the involved parties within the prescribed time limits. The aggregate holding of the promoter and promoter group category remained unchanged at 23.33% before and after the transaction.
Historical Stock Returns for Neogen Chemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.85% | +5.21% | +2.07% | -29.53% | -47.69% | +57.04% |
16
